"The TCJA modified Section 174 to require taxpayers to amortize all Research and Development (“R&D”) expenses over a five-year period, rather than deducting such costs in the year incurred.
The OBBB removes this requirement and provides that taxpayers may once again deduct R&D costs in the current year."
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[ 2.8 ms ] story [ 10.9 ms ] threadThe OBBB removes this requirement and provides that taxpayers may once again deduct R&D costs in the current year."